BUSINESS

Mr Nathan Yankey, Acting Director of Operations, Internal Audit Agency (IAA) says the increasing number of syndicated fraud and cybercrime cases underscores the importance of internal audit in Public Financial Management (PFM). He said internal audit units acknowledged the challenge and were repositioning themselves to strengthen mitigating mechanisms and controls …

A Ghanaian woman yesterday shocked followers of popular relationship blogger Abena Magis with her ‘MyMotherMyRival’ story. The woman who pleaded to be anonymous revealed how her own mother has collapsed her 7-year-old marriage by dating her son-in-law. The story which many followers of Abena are finding it difficult to believe, …

Finance Minister, Ken Ofori-Atta, has indicated that the Mid-Year Review of estimates would focus on programs aimed at fast-tracking the country’s economic recovery by extending some support to businesses and industries that have been hit badly by COVID-19. Mr Ofori-Atta disclosed this on JOYNEWS’ Business Edition of PM EXPRESS which was on …

Ghana has recorded 447 new cases of the novel coronavirus bringing the country’s case count to 26,572. Five more persons who tested positive have succumbed to the coronavirus in Ghana taking the death toll to 144, according to a Ghana Health Service‘s (GHS) Friday evening update. The Ghana Health Service …

The government has been told to review the Customers Amendment Bill 2020 (Act 891). The Vehicle and Asset Dealers Union of Ghana (VADUG) said the Bill in its form will not inure to the benefit of businesses in Ghana, hence the need to review wit. Parliament on March 12, 2020 …

Minister of Food and Agriculture Dr Owusu Afiyie has expressed worry that vegetable sub-sector of the economy is losing out on about $3billion annually in export earnings. According to him, this is due to the poor infrastructural development for Ghana’s irrigation system which he believes that they are working very …

The Institute of Energy Security (IES), has said consumers of electricity will be paying more for power in the coming years if government fails to divert its capital into renewable energy sources. According to IES, reports have shown that energy sources are rapidly becoming cheaper than Fossil Fuel Powered Plants. …

Members of Parliament have backed mining lease agreements between the government and 14 mining entities under the Asaase Royalties Limited special purpose vehicle associated with the Royalty Monetization provision of the Minerals Income Fund Act of 2018 (Act 978). The leases are AGA Miradani granted to Ashanti Goldfields Company Limited, Lima South …

The Electricity Company of Ghana ECG) has asked the public to disregard reports suggesting that it has increased its bills by 17.5%. There were reports that suggested that the Electricity Company of Ghana had increased its bill by 17.5% as a form of payback for the intervention provided by the …

According to Afia Schwarzenegger, Ghanaian entrepreneur and CEO of the embattled gold firm – Menzgold, Nana Appiah Mensah aka NAM1 has rebranded from his old gold firm to a metallic refinery.   “From Gold to Metal. Eeeeeiiiii NAM1 when will you change. What kind of weed do you smoke because it’s too powerful and …